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FxWirePro: Gold recovers on declining US bond yield,good to buy on dips

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FxWirePro: USDCHF Daily Outlook

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FxWirePro: EUR/USD Daily Outlook

Monday, January 14, 2019 10:42 AM UTC
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EURUSD pares most of its gains made on Friday after weaker than expected China trade figures. The pair hits high of 1.15697 and started to decline from that level.  Chinese exports and imports have declined unexpectedly in month Dec. Exports and Imports have fallen 4.4% and 7.6% from a year earlier. This has increased demand for safe haven assets like US dollar. EUR/USD hits low of 1.14507 and is currently trading around 1.14587.

 

On the lower side the pair is trading slightly below 100-day MA at 1.1475-78. Any daily close  below confirms further weakness and a dip till 1.1435 (38.2% fib)/1.1418 (55- day EMA)/1.13505. The pair should break below 1.1300 for further weakness.

 

The near term major resistance is around 1.15900 (61.8% fib) and any break above targets 1.1620/1.1635 (200- day MA). Any close above 1.16350 confirms further bullishness and a jump till 1.1700/1.1733/1.18150. The near term resistance is around 1.1500.

 

It is good to buy on dips around 1.1400 with SL around 1.1350 for the TP of 1.17330/1.1815.

 

 

 

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Economics Monitor

February 15 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

-66.6 Bln USD

Forecast

Previous

25.3 Bln USD

February 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

-33.1 Bln USD

Forecast

Previous

31 Bln USD

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 560895560895m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 560895560895m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549075549075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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